604 Memorial Dr - Fast Food FOR SALE
Danville, VA 24541 |
$2,195,000 USD
604 Memorial Dr
Danville, VA 24541
HIGHLIGHTS
- LONG-TERM ABSOLUTE NNN LEASE: Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years!
- OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,050 locations across 4 brands in 32 states
- Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations
- SEASONED SALES LOCATION: Successfully open & operating for decades with an attractive 8.68% Rent-to- Sales Ratio!
- TRAFFIC COUNTS: Well-positioned on a ±0.704 acre parcel with exceptional visibility/access on VA- 413/Memorial Dr
- 2025 DEMOGRAPHICS: Total Population (5MI): 80,449 | Average Household Income (1MI): $71,048
FOR SALE DETAILS
PRICE
$2,195,000 USD
PRICE/SF
$968 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC - DANVILLE, VA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.7 AC
LAND SF
30,492 SF
ZONING
C
APN/PARCEL ID
24515
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